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AmeriNet to Use MedContrax's CPN for Pharmacy Contracting Process; MedContrax Continues to Build Market Momentum.


Business Editors & Health/Medical Writers

BIOWIRE2K

GAITHERSBURG, Md.--(BW HealthWire)--May 9, 2001

MedContrax Inc., the leading healthcare contract network solution company, today announced that AmeriNet, the nation's largest membership-based healthcare group purchasing organization A group purchasing organization is an entity that leverages the purchasing power of a group of businesses to obtain discounts from vendors based on the collective buying power of the GPO members. Many GPOs are funded by administrative fees that are actually paid by the vendors.  (GPO), has chosen to use MedContrax's Contract Processing Network (CPN CPN Communist Party of Nepal
CPN Commercial Property News
CPN Civic Practices Network
CPN Calling Party Number
CPN Community Psychiatric Nurse (UK)
CPN Cisco Powered Network
CPN Connaitre et Proteger la Nature
(TM)) to create greater cost efficiencies.

AmeriNet will utilize the MedContrax CPN to facilitate the implementation, maintenance and administration of its pharmaceutical contracts. AmeriNet will now have enhanced databases and contract monitoring tools available to serve their members.

The MedContrax CPN will serve as a neutral third-party interface between AmeriNet, their wholesalers and pharmaceutical manufacturers. The network will enable AmeriNet and participating suppliers to utilize web-based technologies to securely create and document valid contract pricing for the end users, via non-repudiable online purchasing agreements.

AmeriNet has played a key role in the development of the CPN through their participation in the MedContrax Advisory Board and the beta testing (programming) beta testing - Testing a pre-release (potentially unreliable) version of a piece of software by making it available to selected users. This term derives from early 1960s terminology for product cycle checkpoints, first used at IBM but later standard throughout the  program. "MedContrax has the most comprehensive solution to solve the challenges in the contracting process," says Paul Chilcutt, Director - Pharmacy Operations, AmeriNet.

"AmeriNet is recognized as one of the leading visionaries in the healthcare industry today and as a result, has seen the tremendous efficiencies and value of creating and maintaining their contracts via automation through a secure and real-time system like CPN," said David Clark David Clark or Dave Clark can refer to different people:
  • David Clark (cartoonist), an illustrator
  • David Clark (cricketer), a former English cricketer
  • David Clark (guitar player), an American guitar player, folklorist, and newspaper columnist
, Vice President of MedContrax's Business Development. "The use of MedContrax's Internet solution to manage the contract process is expected to significantly reduce AmeriNet's contract development time and administrative costs administrative costs,
n.pl the overhead expenses incurred in the operation of a dental benefits program, excluding costs of dental services provided.
 as it will for all participating trading partners."

About MedContrax

MedContrax Inc. is a leading healthcare contracting network and sales information service company with special expertise in healthcare data integration and synchronization (1) See synchronous and synchronous transmission.

(2) Ensuring that two sets of data are always the same. See data synchronization.

(3) Keeping time-of-day clocks in two devices set to the same time. See NTP.
 applications. MedContrax solutions enable healthcare trading partners to achieve improved operating efficiencies and innovate their business. MedContrax is headquartered in Gaithersburg, Md., with regional offices in Chicago, Hartford, Philadelphia and San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. . For more information about MedContrax, visit its Web site at www.medcontrax.com

About AmeriNet

Founded in 1986, AmeriNet, Inc., headquartered in St. Louis, operates through its three shareholder health care organizations: AmeriNet Central, Intermountain in·ter·moun·tain  
adj.
Located between mountains or mountain systems, especially lying between the Rocky Mountains and the Sierra Nevada or Cascade Range in the western United States.
 Health Care, Inc. and Vector. It represents 15,117 member facilities in all 50 states, including hospitals, medical group practices, nursing homes, surgery centers, managed care organizations, pharmacies and integrated delivery networks. Visit AmeriNet at www.amerinet-gpo.com
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1U4MO
Date:May 9, 2001
Words:384
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